A Fund Pro Says Stocks Are Rising Faster than Their Values

Wally Weitz says that his fund shop has been trimming positions lately, including shares of HP.

By

Wally Weitz and Brad Hinton

April 26, 2013

By

Wally Weitz and Brad Hinton

April 26, 2013

(Editor's Note: Weitz is president and founder of Weitz Funds and Hinton is the firm's director of research. A longer version of this commentary which includes the latest quarterly performance figures for Weitz funds is available on the company Website. )

Calendar 2013 is off to an excellent start and the Funds' fiscal year ending March 31 was a very good one.